1.Spiess Corporation has two major business segments--Apparel and Accessories. Data concerning those segments for December appear below:

\fRequired A Required B Required C What is the unit product cost for the month under variable costing? Cost per Unit Variable costingRequired A Required B Required C Without preparing an income statement, determine the absorption costing net operating income for the month. reconciliation method.) Reconciliation of Variable Costing and Absorption Costing Net Operating Incomes Variable costing net operating income (loss) Absorption costing net operating income (loss)\fRequired A Required B Required C Required D Prepare an income statement for the year using variable costing. Variable Costing Income Statement Variable expenses: Fixed expensesThe Dorset Corporation produces and sells a single product. The following data refer to the year just completed: Beginning inventory Units produced 30, 798 Units sold 27, 890 Selling price per unit 408 Selling and administrative expensest Variable per unit 18 Fixed per year $509, 480 Manufacturing costs: Direct materials cost per unit 248 Direct labor cost per unit 55 Variable manufacturing overhead cost per unit 35 Fixed manufacturing overhead per year $429, Be8 Assume that direct labor is a variable cost. Required: a. Compute the unit product cost under both the absorption costing and variable costing approaches. b. Prepare an income statement for the year using absorption costing. c. Prepare an income statement for the year using variable costing. d. Reconcile the absorption costing and variable costing net operating income figures In (b) and (c) above. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Compute the unit product cost under both the absorption costing and variable costing approaches.Pacheo Corporation, which has only one product. has provided the following data concerning its most recent month of operations: Selling price 110 Units in beginning inventory 585 Units produced 2,678 Units sold 2, 870 Units in ending inventory 385 Variable costs per unit: Direct materials 26 Direct labor 23 Variable manufacturing overhead 1 Variable selling and administrative expense 21 Fixed costs: Fixed manufacturing overhead $66,750 Fixed selling and administrative expense $ 5,740 The company produces the same number of units every month, although the sales in units vary from month to month. The company's variable costs per unit and total fixed costs have been constant from month to month. Required: a. What is the unit product cost for the month under variable costing? b. Prepare a contribution format Income statement for the month using variable costing. c. Without preparing an income statement, determine the absorption costing net operating Income for the month. (Hint Use the reconciliation method.) Complete this question by entering your answers in the tabs below. Required A Required B Required CRequired A Required B Required C Prepare a contribution format income statement for the month using variable costing. Variable Costing Income Statement Variable expenses: 0 Fixed expenses:Required A Required B Required C Required D Compute the unit product cost under both the absorption costing and variable costing approaches. Cost Per Unit Absorption costing Variable costingSpless Corporation has two major business segments-Apparel and Accessories. Date concerning those segments for December appear below: Sales revenues, Apparel $775 , 808 Variable expenses, Apparel $304,080 Traceable fixed expenses, Apparel $183, 808 Sales revenues, Accessories $821,080 Variable expenses, Accessories Traceable fixed expenses, Accessories $105, Bad Common fixed expenses totaled $282,000 and were allocated as follows: $96,000 to the Apparel business segment and $186,000 to the Accessories business segment Required: Prepare a segmented income statement in the contribution format for the company. Total Company Apparel AccessOIDS 0 5 Net operating income (long]Required A Required B Required C Required D Prepare an income statement for the year using absorption costing. Absorption Costing Income Statement